Century Real Estate targets sales of 2,100 cr for FY25
Century Real Estate has achieved an exponential 121% growth in residential sales bookings compared to its previous fiscal year. With this jump, the company recorded Rs 1022 crore of sales in the Bengaluru market alone, crowning an impressive 4x growth over the past four years.
The impressive growth can be attributed to the strong demand being witnessed for Century’s projects across segments. Century Novus, the company’s new launch on April 2023, was sold out within six months. Century’s premium plotted offerings, Century Eden Prime and Century Trails, sold off most of the inventory within the first month of launch. Century Ethos, the company’s flagship luxury offering, has also been sold out. Overall, Century has sold out 96% of its residential inventory from the start of FY24.
Buoyed by the response it is getting for its projects, Century Real Estate plans to bring in many of its prime land parcels into the market in the form of exciting large new projects, and is targeting sales of 2100 crore in FY25, driven by its pipeline of upcoming projects.
Commenting on this, Ravindra Pai, Managing Director, Century Real Estate, remarked, “We are close to completion of some of our marquee projects in both residential and commercial segments; and are pleased to see the overwhelming response our projects are receiving from the market. Backed by strong fundamentals, the Bengaluru real estate market is fast becoming the most desirable real estate market in the country. And with India’s GDP steaming towards being among the top 5 in the world, the next decade is expected to be India’s decade of growth. We plan to bring our prime land parcels at the most sought-after locations of Bengaluru into development, with promising luxury residential and commercial offerings. These projects will infuse inventory of over 7200 crore into the market this FY, and provide multiple wonderful offerings for the Bengaluru market.”
Maninder Chhabra, Director - Sales, Marketing & CRM, revealed, “FY 24 was a remarkable year for us, with multiple blockbuster new launches, record sales numbers, and clutter-breaking marketing campaigns. We’re grateful to our customers, vendors and channel partners for their trust and support in this growth story. We’re very excited about the wonderful new products that we are bringing to ultra-prime locations across Bengaluru this year. Starting with a much-anticipated and sought-after luxury development in Indiranagar very soon. Many prime locations this year in Bengaluru, will be ‘Thinking Ahead’!”
